• Brickability Group makes first move into renewable energy products sector with GBP5.5mln deal
  • Brickability Group’s ‘excellent’ trading statement receives thumbs up from City broker Cenkos
  • Brickability Group says first move into renewable energy products sector ‘couldn’t be better’
Brickability Group PLC - Brickability

Quick facts: Brickability Group PLC

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Brickability Group PLC is a leading construction materials distributor, serving customers across the UK and Europe for over 36 years through its national and local networks.

The company supplies over 500M bricks annually and has 41 locations across the country with over 500 employees.

Across its 4 divisions the group supplies bricks, roofing, timber, cladding, heating, flooring, doors and windows to meet demand from both housebuilders and contractors.

24 Nov 2021

Brickability Group PLC (AIM:BRCK) said it made its first acquisition in the renewable energy products sector with the GBP5.5mln purchase of HBS NE Limited.

This is the fast-growing construction materials specialist’s 13th transaction in the last three years as it has broadened its offering.

Chairman John Richards said: “The renewable energy product sector is an area we have been looking to move into for some time as we focus not only on helping our customers address carbon reduction, but also on our own commitments and responsibility to implement sustainable solutions.”

For the year ended March 31, HBS NE posted GBP8.5mln of revenues and underlying earnings (normalised EBITDA) of GBP1.1mln.

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18 Oct 2021

() won the AIM ‘Transaction of the Year Award’ at this year’s AIM Awards.

The AIM Awards celebrate companies that have made outstanding achievements on the world’s most successful growth market, recognising the quoted companies and entrepreneurs who have harnessed AIM to help them fulfil their ambition and growth potential in the last 12 months.

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13 Oct 2021

() reported a 200% year-on-year rise in first-half revenues as the construction materials specialist confirmed its order book remained buoyant and that it is “well placed as demand continues to strengthen”.

Chairman John Richards added: “The UK housebuilding market has shown its resilience in recent months as the UK builds new homes at one of the fastest rates since the turn of the century.

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13 Oct 2021

() had an ‘excellent’ first half, according to City broker Cenkos in the wake of a trading statement that revealed revenues were up 200% year-on-year for the building materials distribution specialist.

“[This] demonstrates again its management credentials to operate strongly in all industry scenarios and its ability to identify, execute and add value through acquisitions, the update serves as a reminder as to why we believe this is a good investment,” the broker said in a note to clients.

It pointed out that Brickability currently trades on an enterprise multiple of less than eight times and a price-to-earnings multiple of 11-times. A well-covered dividend, meanwhile, generates a yield of 2.3%, while the free-cash-flow yield is 8.5%. It reckons fair value is 126p a share (current price 104p).

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25 Nov 2021

Brickability Group PLC (AIM:BRCK) (Brickability Group PLC (AIM:BRCK)) John Richards hails their first acquisition in the renewable energy products sector with the GBP5.5mln purchase of HBS NE Limited.

He says, ‘this is an area we wanted and really needed to be in and it couldn’t be more appropriate’ because the U.K. government has just announced a big step towards electric cars, starting next year, all new buildings in England will be legally required to install EV chargers at the same time and this is one of the products HBS NE Limited ‘supplies, installs and maintains’.

He says this is an area they have been looking to move into for some time, helping customers address carbon reduction.

14 Apr 2021

Brickability is a leading supplier of bricks and other building materials to the UK construction industry, and is well-positioned to consolidate the fragmented UK building products supplier space. The company has undertaken four acquisitions since its IPO in 2019, which adds to some twelve acquisitions carried out previously in the years since it was founded in 1984. As a result of this acquisition process, the group has branched out from its core bricks and building materials distribution into the adjacent areas of roofing products and services as well as heating, plumbing and joinery. These moves make compelling strategic logic, as the divisional businesses enjoy a common customer base, and hence provide a simpler procurement process for its customers. Further, the new areas also enjoy significantly higher margins.

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Brickability Group says first move into renewable energy products sector…

Brickability Group PLC (AIM:BRCK) (Brickability Group PLC (AIM:BRCK)) John Richards hails their first acquisition in the renewable energy products sector with the GBP5.5mln purchase of HBS NE Limited.

He says, ‘this is an area we wanted and really needed to be in and it couldn’t be more…

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